Visa Inc. (NYSE:V) Stock Holdings Raised by Solidarity Wealth LLC

Solidarity Wealth LLC raised its holdings in shares of Visa Inc. (NYSE:V) by 1.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 48,302 shares of the credit-card processor’s stock after buying an additional 776 shares during the quarter. Visa comprises 4.0% of Solidarity Wealth LLC’s portfolio, making the stock its 7th largest holding. Solidarity Wealth LLC’s holdings in Visa were worth $15,265,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Unionview LLC lifted its position in shares of Visa by 1.5% during the 3rd quarter. Unionview LLC now owns 2,296 shares of the credit-card processor’s stock valued at $631,000 after buying an additional 33 shares in the last quarter. Forza Wealth Management LLC raised its position in Visa by 2.9% during the fourth quarter. Forza Wealth Management LLC now owns 1,164 shares of the credit-card processor’s stock worth $368,000 after acquiring an additional 33 shares during the period. Presilium Private Wealth LLC lifted its holdings in Visa by 2.2% during the fourth quarter. Presilium Private Wealth LLC now owns 1,503 shares of the credit-card processor’s stock valued at $475,000 after purchasing an additional 33 shares in the last quarter. St. Louis Trust Co grew its position in shares of Visa by 0.9% in the third quarter. St. Louis Trust Co now owns 3,885 shares of the credit-card processor’s stock valued at $1,068,000 after purchasing an additional 34 shares during the period. Finally, FWG Holdings LLC increased its stake in shares of Visa by 1.1% during the third quarter. FWG Holdings LLC now owns 3,168 shares of the credit-card processor’s stock worth $900,000 after purchasing an additional 34 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Trading Down 0.0 %

NYSE:V opened at $323.55 on Thursday. The company has a market capitalization of $602.73 billion, a PE ratio of 33.25, a P/E/G ratio of 2.15 and a beta of 0.96. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $325.74. The stock’s 50 day moving average price is $313.86 and its 200 day moving average price is $289.47. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V) last announced its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.33 EPS. On average, research analysts anticipate that Visa Inc. will post 11.2 EPS for the current year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.73%. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is currently 24.25%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on V shares. Susquehanna raised their price target on shares of Visa from $339.00 to $375.00 and gave the company a “positive” rating in a research note on Wednesday, December 11th. Barclays raised their target price on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. TD Cowen lifted their target price on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Oppenheimer increased their price target on shares of Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada lifted their price objective on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $332.81.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.